The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
Typhoon Hagibis made landfall south of Tokyo on Saturday evening. By Sunday around 376,000 homes were left without electricity, and 14,000 without running water across Japan....Weather & Natural Disastersread more
SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.Investing in Spaceread more
Bryn Mawr's Jeffrey Mills believes the market needs more time to break out of its slump.Trading Nationread more
The bar is set low for Apple's earnings next Tuesday so Morgan Stanley says it's a good time to buy the stock.
"We believe the recent pullback is an attractive entry point given upcoming services launches and shares already pricing in extremely cautious iPhone replacement cycle and average selling price headwinds," the bank's analyst, Katy Huberty, said in a note Friday.
Apple's stock has plummeted more than 28 percent over the past three months. Shares of the iPhone maker took a huge hit when it slashed revenue guidance by 8 percent on Jan. 2, blaming the slowdown on weaker sales in China. The stock tanked 15 percent that day.
Morgan Stanley said the Wall Street and buy-side investors have already lowered their expectations for Apple's December numbers after the guidance, so next week's numbers will unlikely tank the stock further. All eyes will be on any forecast for the current quarter.
"March quarter guidance will provide a base for forecasts during the remainder of the year... Apple likely needs to deliver a better than feared revenue outlook for shares to recover further in the very near-term," Huberty said.
The bank rates Apple overweight and its 12-month price target of $211 will represent a 34 percent gain for the stock. Shares of Apple rose 2.8 percent to 157.05 in Friday's trading.
Morgan Stanley predicted Apple will have a gross margin of 38.4 percent and EPS of $2.65 in the first quarter of 2019.
"Based on investor conversations, we believe the stock could trade up on revenue and gross margin guidance range of $58 billion and 38 percent at the mid-point, respectively, while guidance meaningfully below these levels would fuel the bear case," Huberty said.